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Federal Reserve Bank Capital Stock

Fed · final-rule · Published 2017-02-24 · Effective 2017-03-27 · 82 FR 11501

Document

Document number
2017-03568
Federal Register citation
82 FR 11501
CFR reference
12 CFR 209
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2017-02-24
Effective date
2017-03-27
Docket
Regulation I

Abstract

The Board of Governors (Board) is publishing a final rule that applies an inflation adjustment to the $10 billion total consolidated asset threshold in Regulation I, which implements the provision of the "Fixing America's Surface Transportation Act" (FAST Act) that sets the dividend rate that member banks with more than $10 billion in total consolidated assets earn on their Federal Reserve Bank (Reserve Bank) stock. The FAST Act requires that the Board annually adjust the $10 billion total consolidated asset threshold to reflect the change in the Gross Domestic Product Price Index, published by the Bureau of Economic Analysis. Based on the change in the Gross Domestic Product Price Index as of September 29, 2016, the total consolidated asset threshold will be $10,122,000,000 through December 31, 2017.

Source

Authoritative
Federal Register document
Machine
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